The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: carranza2 who wrote (281138)	10/5/2010 6:23:39 PM
From: orkrious	Read Replies (2) of 306849

If gold is at $2000, that is $1 billion in gold revenue per year. As it has 391 million shares outstanding and, unlike a lot of miners, is not in the business of issuing shares to raise capital, that's slightly more than $25 worth of pre-tax revenue per share referable exclusively to gold. There is something wrong with your math. You are off by a decimal place. Regardless, it will be making big money, with huge growth. It also assumes no value for El Morro, which comes on line when, 2013 or 2014? Its reserves are based on $500 PoG, so it's an even bigger monster than the numbers show, plus there is huge exploration potential. Most of the property is not explored. Even with current assumptions it will be by far NGD's biggest cash flow contributor. The market may start smelling El Morro anytime and I won't be at all surprised if NGD surpasses Patron's target well before the time Hillary is elected President (2 years). For those that don't have time to listen the presentation, here's a link to the PDF. newgold.com

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